Private Equity
3 min read · 06 September 2011
(Reuters) - The Carlyle Group filed on Tuesday for an initial public offering of its common units as it looks to join rivals Blackstone and KKR as listed private equity firms, but the filing comes amid deep uncertainty on global equity markets. The U.S. IPO market has struggled as concerns about Europe's debt crisis and a weak recovery in the United States have made markets volatile. A number of deals were withdrawn last month. "If Carlyle files in this time frame, in basically a market meltdown, something doesn't seem right," said Scott Sweet, senior managing partner at IPO Boutique. Given the market conditions and the poor performance of other listed private equity players like Blackstone Group and Apollo Global Management ...
2 min read · 06 September 2011
3 min read · 06 September 2011
(Reuters) - Michael Arrington, founder of TechCrunch and one of the highest-profile U.S. technology bloggers, has created a $20 million venture capital fund to invest in promising startups, Arrington told Reuters. Fortune magazine's Term Sheet blog was the first to report the news. The fund, called CrunchFund, raised an inaugural $20 million fund in September, according to TechCrunch's CrunchBase. "Investors in CrunchFund include AOL, Accel Partners, Austin Ventures, Kleiner Perkins Caufield & Byers, Greylock Partners, Redpoint Ventures, Sequoia Capital, the founding partners of Andreessen Horowitz, each of the general partners of Benchmark Capital, Ron Conway, Yuri Milner & Kevin Rose," CrunchBase reports. Investor AOL bought TechCrunch in September 2010. The move comes months after Arrington publicly announced that he had ...
2 min read · 01 September 2011
2 min read · 01 September 2011
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1 min read · 30 August 2011
